OKX users can now deposit Dogwifhat (WIF) and Cat in a Dog’s World (MEW) memecoins, and the first withdrawals will be available tomorrow.
OKX, a cryptocurrency exchange, is attempting to capitalize on the growing memecoin frenzy by offering popular rising Solana-based memecoins such as Dogwifhat (WIF) and Cat in a Dog’s World (MEW).
OKX officially started spot trading for WIF and MEW, according to the exchange’s notice on X. OKX users can now deposit WIF and MEW tokens into the exchange to begin trading the memecoins against the Tether USDT$1.00 stablecoin.
According to the release, WIF spot trading will begin at 9:00 a.m. UTC on April 15, one hour after MEW spot trading began. OKX announced that withdrawals for both tokens will begin at 10:00 a.m. UTC on April 16.
WIF and MEW are among the fastest-growing memecoins, with millions of dollars traded each day. Both are built on the Solana blockchain, which has outperformed competitors like Ethereum and Avalanche in terms of network activity and acceptance as a result of the recent memecoin frenzy.
Dogwifhat (WIF), which was launched in November 2023, has emerged as one of the largest memecoins, reaching the top 50 coins by market capitalization by the first quarter of 2024, with nearly $50 billion.
According to CoinGecko data, WIF is the 42nd-largest cryptocurrency by market capitalization and the third-largest memecoin, trailing only Elon Musk’s favorite memecoin, Dogecoin DOGE$0.16, and Shiba Inu SHIB $0.000024.
At the time of writing, the token was trading at $3, up roughly 13% in the previous 24 hours.
MEW is currently trading at $0.0052, up 80% in the previous 24 hours, according to CoinGecko data.
The newly listed memecoins join a group of memecoins that are already available on OKX. According to its official website, the exchange currently lists roughly 20 memecoins, including new additions.
